New research from the Penn State Smeal College of Business suggests that when people have an expectation of receiving a highly attractive option and then it falls through, what they possess no longer seems as satisfying as ...

US Internet search giant Google on Thursday rejected new accusations by EU anti-trust regulators that it illegally abuses its market dominance, in its formal reaction to allegations by Brussels earlier this year.

What would happen if a lengthy disruption befell the major mode of transportation of U.S. corn and soybeans? What ramifications would that have on U.S. producers and the national economy? How would that affect U.S. competitiveness ...

The tablet market shrank in the recently-ended quarter, as shipments of bargain-priced computers with detachable screens hit a record high, according to market analysis firm International Data Corporation.

Machines make our lives easier in many ways. Whether it's a smart thermostat that learns when to turn the heat on or automatic brakes, machines traffic in the language of classical calculus. Classical calculus is good enough ...

An Australian National University (ANU) study analysing more than 5,000 Instagram selfies has found that 75 per cent of selfies are posted by women, and around one in 10 is posted by users purely looking to build an audience, ...

Bringing a product to the Chinese market can be a major hurdle for a burgeoning company looking to expand abroad. But according to new research from a University of Illinois expert in consumer behavior and global marketing, ...

Market

A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.

In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.

The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]